Izvještaj o stanju ekonomije, višeg ekonomiste sa Bečkog instituta za međunarodnu ekonomiju, prof. Vladimira Gligorova

The government estimates the GDP decline at about 5% in 2009. The IMF believes that the decline mhas been sharper, as much as 7%. Given that most of the economy is production of services, these differences are not unusual. In any case, recession has been deep. Negative growth is likely this year too due to difficulties in securing financing, both foreign and domestic...